9. Former name or former address, if changed since last report
MRC ALLIED INDUSTRIES INC.
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON STOCK
8,512,658,975
11. Indicate the item numbers reported herein
-
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
MRC Allied, Inc.MRC
PSE Disclosure Form 7-1 - Notice of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and Sections 7 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Notice of MRC's Annual Stockholders Meeting.
Background/Description of the Disclosure
Please be advised that during the regular board meeting held earlier today, the following matters were approved and confirmed unanimously by the members of the Board present during said meeting:
1. The approval of the minutes of the last regular board meeting held on 07 March 2017.
2. The approval of the change in Board Committee Membership, as follows:
a.) Nomination & Compensation Committee
Chairperson: Atty. Gladys N. Nalda Members: Zenaida Y. Monsada Bernard B. Rabanzo Celia Chao b.) Audit Committee
Chairperson: Atty. Michael B. Arciso Members: Jimmy T. Yaokasin Bernard B. Rabanzo Celia Chao
c.) Executive & Governance Committee
Chairperson: Carlos Jose P. Gatmaitan Members: Atty. Gladys N. Nalda Bernard B. Rabanzo Celia Chao Alejandro A. Palacio
3. The approval of the postponement and rescheduling of the 2017 Annual Stockholders’ Meeting of the Company from 8 May 2017 to 16 June 2017 at 10 o’clock in the morning, subject to the approval of the Securities and Exchange Commission. The record date shall be on 28 April 2017.
4. The approval the 2016 Financial Statement audited by the Company’s external auditor, Reyes Tacandong & Co.
5. The approval for the management to explore the option of conducting a private placement for the outstanding and unissued portion of the authorized capital stocks in order to raise capital, subject to the terms of reference to be approved by the Board.
6. The approval of the increase in par value of the Company’s shares from PHP 0.10 to PHP 0.50 per share, subject to the approval of the stockholders of the Company during the next annual stockholders’ meeting. The purpose of the stock merge is to reduce the Company’s total issued and outstanding shares to a level more appropriate to the market and to encourage the participation of institutional investors.
Type of Meeting
Annual
Special
Date of Approval by Board of Directors
Apr 5, 2017
Date of Stockholders' Meeting
Jun 16, 2017
Time
4:00 P.M.
Venue
Manila Polo Club, Mckinley Road Forbes Park, Makati City
Record Date
Apr 28, 2017
Agenda
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
The Annual Meeting of Stockholders of MRC Allied, Inc. (the “Corporation”) will be held at Manila Polo Club, McKinley Road, Forbes Park, Makati City, Metro Manila at 4:00 p.m. on 16 June 2017.
Agenda:
1. Call to Order 2. Proof of the Required Notice of Meeting 3. Proof of Presence of a Quorum 4. Approval of the Minutes of the Previous Meeting 5. Approval of the 2016 Audited Financial Statements 6. Report of the President 7. Ratification of the Corporate Acts of the Board of Directors & Management during year 2016; (i) The renewal and/or extension of the Lease Agreements involving its principal office in Makati City; (ii) The renewal and/or extension of agreements with service providers and suppliers; and (iii)The renewal and/or extension of authority granted to lawyers and paralegals representing the company in legal proceedings involving the company and pending before tribunals and quasi-judicial tribunals. (iv)The renewal and/or extension of the Firm Reyes Tacandong & Company as external auditor 8. For Stockholders Approval: a.) Proposed Increase in Par Value or Stock Merge b) Proposed Private Placement 9. Election of Directors 10. Other Matters 11. Adjournment
The record date for the determination of the stockholders entitled to notice of and vote at the said meeting is fixed at the close of business hours on 28 April 2017.
The deadline for submission of proxies is 08 June 2017 at 5:00pm. The validation of the proxies will be on 09 June 2017 at MRC ALLIED, INC., 5th Floor Eurovilla 4 Building, 853 A. Arnaiz Avenue, Makati City.
For your convenience in registering, please have available some form of identification such as driver’s license, voter’s ID card, TIN card, etc.
For the Board of Directors
ATTY. JAN VINCENT S. SOLIVEN Corporate Secretary
Inclusive Dates of Closing of Stock Transfer Books
Start Date
TBA
End Date
TBA
Other Relevant Information
To reflect the changes in time from 10:00 A.M. to 4:00 P.M. and the agenda.
MRC Allied, Inc.MRC